The soft non-farm payroll data should have been a positive signal to boost the crypto market, but BTC remains stuck around $90,000—unable to rise, yet reluctant to fall. This is a classic tug-of-war between macroeconomic favorable conditions and short-term institutional arbitrage, with the market caught in a delicate balance.

The interesting part is this: on-chain data and price trends are diverging. Bullish and bearish forces are fiercely contesting above the $90,000 threshold. Many large whales are holding steady, observing—the question is, what are they waiting for? They are waiting for a clear enough signal to break this deadlock and give the crypto market a definitive direction.

Instead of getting entangled in the details of interest rate hikes and cuts, it’s better to focus on the longer-term value connections. The true value of crypto assets lies in their interaction with the real world—education, public welfare, social contributions… these are the strongest defenses against market volatility.

Price fluctuations will eventually stabilize, but the logic of long-term holding must be rooted in reality. This is the way to find clarity amid macro fog.